General description

I've built this store 5 months ago when the ''cryptomania'' was at its highest peaks. I have established contracts with several cryptocurrency companies listed within the top 150 marketcap. Names such as Cybermiles, Arcblock and Dropil to name a few. Most contracts are valid for 2 years. I am currently also negotiating with a lot of big companies such as Elastos, Nuls, Funfair and Ethos.

According to Shopify the shop has a conversion rate around 17,58% while the industry rate is at 1,74%.

The company has huge potential as the crypto community is still very young and their members love merchandise of their favourite coins. This in combination with the right type of marketing and this shop will increase its sale to $10K profit per month. We have had some help with marketing from the companies we have partnered with.

It is a dropshipping business model with no inventory and only ePacket deliveries from reliable suppliers. We also have contracts with various manufacturers in China who sell the products for a cheap price and with international shipping for a free tariff.

I'm selling the business to pursue other ventures. Dreams of building more businesses, different business models, working in different industries, and time constants have led me to the decision to sell. I feel that the site itself has enormous potential for growth as I've focused on finding a passionate, hobby based, upward trending product and build a brand around it.

Financials and traffic

Our marketing has mainly been relying on the efforts done by the crypto companies.

Average profit/month

$780 USD

Average overall profit margin

40%

Average number of sales/month

25

Lifetime revenue

$3,422.00 USD

Lifetime traffic

5,307 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Our marketing has mainly been relying on the efforts done by the crypto companies.

Expense item

Cost

Shopify plan

$29.00/month

Subscriptions
(ie. Mailchimp, apps)

$1.00/month

Advertising
(ie. Adwords, Facebook ads, etc.)

$1.00/month

Domain

$1.00/month

What’s included in the sale

Physical inventory

Logo and branding assets

Social media accounts

Personal support after sale

Domain

Product photos

Social Media

Twitter

Mailing list

236 subscribers

Social media followers

37 people

Q & A

Why should someone buy this store?

The store already has multiple contracts with big cryptocurrency companies and a loyal fanbase. For example, Cybermiles has a fanbase of 298.991 followers on twitter. If the marketing can be done properly this shop will become a gold mine.

How can the future owner improve the business?

The future owner can utilize other traffic channels to bring in more revenue through the store such as Email marketing, PPC, Blogging, Social Media Influencers, etc...

What work have you put into the store?

I have created a solid foundation for this store. It has the buttons, the back-end apps and automation that will help the business owner focus on products and advertising instead of the settings of the store.